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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net loss for the year $ (25,270,714) $ (12,931,794) $ (15,299,251)
Items not affecting cash:      
Amortization and depreciation 1,679,839 1,754,957 1,142,165
Bad debt expense 6,926 47,526 86,103
(Gain) loss on valuation of inventory 230,312 (161,450) 813,205
Loss (income) due to water damage (454,636) 544,967
Impairment of fair value of investment 1,300,000
Impairment of intangibles 279,828
Gain on settlement of derivative (3,723,827)
Fair value changes on derivatives 6,433,860 1,517,389 (3,450,952)
Interest expense, net of repayments 72,383 16,637 35,678
Foreign exchange (10,366) (46,249) 22,872
Transaction costs 1,487,800 99,529 1,398,598
Share based payments 283,301 930,564 2,888,704
Shares issued to supplier 34,286
Change in non-cash working capital (Note 25) 2,112,717 884,767 (2,035,069)
Net cash used in operating activities (15,083,655) (8,342,760) (13,852,980)
Investing activities      
Repayment of long-term deposit (35,049) 17,982
Intangible asset additions (2,004,088) (2,271,060) (3,405,862)
Investment in securities (1,300,000)
Equipment additions (18,378) (3,737) (14,220)
Acquisition of ClearRF (159,905)
Net cash used in investing activities (3,357,515) (2,274,797) (3,562,005)
Financing activities      
Lease payments (323,780) (326,041) (278,381)
Loans from Financial Institutions 1,945,068 89,298 (27,159)
Sale of future receipts 220,536 1,467,899
Convertible debt issued, net of repayments (4,000,000)
Proceeds on share issuance 5,780,750 24,067,763
Redemption of Class C preferred shares (353,000)
Issuance of warrants, preferred shares and common shares 15,604,962
proceeds from exercise of prefunded warrants 153,646
Transaction costs (1,487,800)
Proceeds on shares issued from Exercised Put Options 1,964,497
Share issuance costs (1,017,891) (2,258,167)
Exercise of warrants 3,608,571 61,950
Net cash from financing activities 17,724,129 9,602,586 17,566,006
Effect of foreign exchange on cash 142,979
Change in cash and restricted cash for the year (717,041) (1,014,971) 294,000
Cash and restricted cash, beginning of year 898,771 1,913,742 1,619,742
Cash and restricted cash, end of year $ 181,730 $ 898,771 $ 1,913,742